Tag Archive: disaster relief

Tax Breaks are available for Disaster Victims

Written by December 17, 2012

When natural disasters occur, they often leave many people with severely damaged or destroyed homes and businesses. Some lose everything they own. If you are affected by a disaster that is declared by the President to qualify for federal assistance, there are several provisions in the tax law that may provide relief. For starters, extended tax deadline and interest abatement....

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What's New in Taxes: IRS gives tax relief to hurricane victims

Written by November 29, 2012

Victims of Hurricane Sandy may be entitled to some tax relief, according to an announcement by the IRS. Certain tax filing and payment deadlines from late October on will be extended until February 1, 2013. This includes the final 2012 estimated tax payment normally due January 15, 2013, and payroll and excise taxes normally due October 31, 2012, and January...

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